What should we bill clients for one day of consultants time if we?

Company bills out its total of 3 consultants at a daily rate. A consultants goal is to bill 160 days per year. Consultant A is paid $200,000 per year before bonus, Consultant B is paid $180,000 per year before bonus and Consultant C earns $160,000 per year before bonus. Each consultant requires an admin person who costs the firm $60,000 per year (this includes all costs). So total costs for these admins is $180,000. (continued on next page) Benefits cost the firm $30,000 for each consultant. Other overhead for the firm is $400,000. The company wishes to earn $230,000 after paying each consultant for the days they worked.

Assume the company has no other costs than the ones mentioned. What should be the daily rate that is charged to clients for a consultant?

Assume that the rate is the same for each consultant.